
Partnership Law Quiz
Quiz
•
Other
•
University
•
Hard
Dhinesh m
Used 4+ times
FREE Resource
103 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a contract of sale, which party bears the risk of loss if the goods are destroyed without fault before the transfer of property?
Seller
Buyer
Both
None
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The document transferring property from the seller to the buyer is called:
Bill of lading
Delivery note
Invoice
Deed of sale
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The unpaid seller can resell the goods if:
The buyer rejects the goods
The buyer breaches the contract
The goods are perishable
Both b and c
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If goods perish after the contract but before delivery, the contract is:
Valid
Void
Voidable
Enforceable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement to sell becomes a sale when:
The goods are delivered
Ownership is transferred
Payment is made
All conditions are fulfilled
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for the delivery of goods in a contract of sale?
Buyer
Seller
Auctioneer
Carrier
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The right of stoppage in transit is available only to:
A paid seller
An unpaid seller
A consignee
The carrier
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